As of August 01, 2026, the average salary for a Medical Equipment Engineer V in New Mexico is $157,300 per year, which breaks down to an hourly rate of $76.
However, a Medical Equipment Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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A Medical Equipment Engineer V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Medical Equipment Engineer V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Medical Equipment Engineer III | 4-7 years | $104,444 |
| Medical Equipment Engineer IV | 7+ years | $127,338 |
| Medical Equipment Engineer V | 7-10 years | $157,246 |
| Medical Equipment Engineer VI | 10-12 years | $189,593 |
| Medical Equipment Engineering Supervisor | 12+ years | $112,843 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Medical Equipment Engineer Vs. For example, consider the average annual salaries in these key locations:
Medical Equipment Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $176,381. While startup companies pay approximate $149,589.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $149,589 |
| Growth Stage | 51~500 | $158,093 |
| Established | 501~5000 | $170,425 |
| Enterprise | 5000+ | $176,381 |
For Medical Equipment Engineer V roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the MFG Nondurable and Biotechnology sectors offer the strongest compensation, at 30% above the average. In contrast, Medical Equipment Engineer positions in Software & Networking or MFG Durable typically offer lower base pay, as these industries often view Medical Equipment Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| MFG Nondurable | $204,490 | $98.0 | 30% |
| Biotechnology | $188,760 | $91.0 | 20% |
| Healthcare | $173,030 | $83.0 | 10% |
Understanding how a Medical Equipment Engineer V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026For a Medical Equipment Engineer V, the most direct path to higher earnings is advancing to the Medical Equipment Engineer VI role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $189,600 - a projected growth of 21% over your current level.
Ready to take the next step in your career? Browse thousands of current Medical Equipment Engineer V job openings on our job board. Use the search bar below to find your perfect match.
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